Monday 22 November 2010

Areva's planned capital hike could stall-reports | Energy & Oil | Reuters

French nuclear reactor maker (CEPFi.PA: Quote) may have to postpone a supervisory board meeting on its planned capital increase, threatening to stall the process, French dailies Le Figaro and Les Echos reported on Monday.

The three expected investors -- sovereign funds from Qatar and Kuwait as well as Japanese group Mitsubishi Heavy Industries (7011.T: Quote) -- have not submitted their offers yet, which may prevent the meeting from taking place early this week as planned, the papers said, without quoting any sources.

Last Monday, sources close to the matter said a deadline for offers to take part in the capital increase had been put back by a week to Nov. 22, while the board meeting was expected to be postponed to Nov. 23."

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